Confederation of All India Traders has written a letter to Shri Piyush Goyal and alleged Blatant violation of Indian laws on trading and e-commerce by Walmart owned Flipkart by creating a facade to control inventory through its 30 preferential sellers and also demanded Strict Action under the law. Full Text if the letter is as […]
Shivratan Shrigopal Mundada Vs ACIT (ITAT Pune) We do not find any relevance of the ‘completion of construction’ insofar as the exemption u/s.54F is concerned. What the section requires is that the assessee purchases a new residential house or “has within a period of three years, after the date constructed, one residential house in India.” […]
FAQs on Import of Oxygen Concentrators by individual for personal consumption into India by Courier Mode Q.1 Can an individual send an oxygen concentrator to an Individual in India via courier mode? Ans. Yes. Q.2 At the time of booking shipment at origin what paperwork does the shipper have to provide to the courier company […]
Researchers at the Indian Institute of Technology, Ropar in Punjab and Monash University, Australia have developed a unique detector named ‘FakeBuster’ to identify imposters attending a virtual conference without anybody’s knowledge. It can also find out faces manipulated on social media to defame or make a joke of someone.
Calcom Cement India Limited Vs Union of India (Gauhati High Court) Heard Dr. A Saraf, learned Senior counsel assisted by Mr. P Das, learned counsel for the petitioner. Also present Mr. SC Keyal, learned standing counsel for the respondent GST representing respondent Nos. 2 to 4 and Mr. SS Roy, learned CGC for respondent No. […]
VSR Enterprises Vs ITO (ITAT Delhi) Assessing Officer in the instant case has recorded incorrect/wrong and non-existing reasons in the reason for reopening of the assessment and has not applied his mind to the information received from REIC, Ward 43(4)(New Delhi). Therefore, the reopening of the assessment is illegal and bad in law and is […]
As the country is bracing its way out from this massive health crisis, the Institute of Company Secretaries of India stands in solidarity with its stakeholders and is extending all possible support through these trying times. In accordance, the Institute has taken some important decisions for both its members and its students.
Seth Carbon and Alloys Private Limited Vs DCIT (ITAT Mumbai) We find that assessee by furnishing all the aforesaid documents had duly explained the nature and source of credit in the form of share capital and share premium received from the aforesaid two shareholders. From the balance sheet of the shareholders, it could be seen […]
Import policy for Tur /Pigeon Peas (Cajanus Cajan); Moong [Beans of the SPP Vigna Radiata (L.) Wilczek] and Urad [Beans of the SPP Vigna Mungo (L.) Hepper] is revised from ‘Restricted’ to ‘Free’ with immediate effect and for the period up to 31st October 2021. Further, import consignments of these items with Bill of Lading […]
Dr. Reddy’s’ today announced that the first consignment of imported doses of the Sputnik V vaccine that landed ill India on 1st May, 2021. received regulatory clearance from the Central Drugs Laboratory, Kasauli, on 13th May. 2021. As part of a limited pilot, the soft launch of the vaccine has commenced and the first dose of the vaccine was administered in Hyderabad today on 14th May 2021.
